Turn-Key Historic Restaurant
415 E Street Anchorage, AK 99501
415 E Street, Anchorage, AK, 99501
$3,500,000
For Sale
$3,500,000
Renovated historic Anchorage restaurant with two dining areas, two commercial kitchens, and two full bars.
Property Size6,500 SF
Price / SF$538.46
Days on Market390
Property Features for 415 E Street
General Information
- Standard status
- Active
- Size
- 6,500 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1964
Listing agency
The Land Company LLC
(915) 888-5954
Listed by
Victoria Aguilera · License #0484247
(915) 888-5954
Source
Xome
Added: Jun 28, 2025 Updated: Jul 21 at 10:29PM Checked: Jul 21 at 10:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Land Company LLC
Investment Insights
Based on property information with market context.
A historical restaurant building centrally located downtown in Anchorage, Alaska, offered for sale as an almost turn-key operation. The property is described as a survivor of the 1964 earthquake and has been completely renovated, including a stated $3M HARDROCK scope. The current configuration features two separate dining areas, two commercial kitchens, two full bars, and two stages with a sound system.
The sale includes FF&E, and a liquor license is also available for sale. This package is designed to support immediate restaurant operations within the existing build-out and entertainment-ready features.
The sale includes FF&E, and a liquor license is also available for sale. This package is designed to support immediate restaurant operations within the existing build-out and entertainment-ready features.
Key Highlights
- Renovated historic downtown Anchorage restaurant (Year built: 1964)
- Completely renovated with two separate dining areas
- Includes 2 commercial kitchens and 2 full bars
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $171.6k | $26.40 |
| − Vacancy | −$6.9k | −$1.06 |
| EGI | $164.7k | $25.34 |
| − OpEx | −$41.2k | −$6.34 |
| NOI | $123.6k | $19.01 |
6,500 SF · lease $26.40/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.77M
$1.54M – $2.06M
NOI $123,552 @ 7.0% cap · market cap 3.53%
Second Best
Industrial
$979.3K
$856.9K – $1.14M
NOI $68,550 @ 7.0% cap · market cap 1.96%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Renovated historic Anchorage restaurant with two dining areas, two commercial kitchens, and two full bars.
Where is this conventional restaurant located?
The property is located at 415 E Street Anchorage, AK.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Renovated historic downtown Anchorage restaurant (Year built: 1964); Completely renovated with two separate dining areas; Includes 2 commercial kitchens and 2 full bars
